Representative Michael E. Capuano (D-MA 7th)
10th-term Democrat from Massachusetts.
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Letters To Leaders
All messages are published with permission of the sender. The general topic of this message is Business/Commerce:
Banking: SBA

Rep. Michael Capuano

March 4, 2013

As an Ambassador in the Northeast, for AAHOA, one of the largest organization of the Hotel Owners in the country, I seek your immediate strong support in influencing the legistative process for the following:

Reauthorize SBA 504 Refinance Program
& Modernize SBA Loan Programs
Lack of credit & capital is the most pressing issue facing
small business owners, including hoteliers.
• Reauthorize SBA 504 Loan Refinancing Program " it expired in September of 2012
• Make Loan Eligibility Criteria More Flexible " e.g., offer alternate ways to
demonstrate credit worthiness
• Lower Program Fees & Increase Guarantees For SBA 7(a) Loan Program " e.g.,
(1) offer reduced fees to small businesses that meet certain eligibility criteria &
(2) return to the 90% loan guarantee amount that was successful under
Small Business Jobs Act of 2010
• Simplify Lending Process " e.g., (1) shorten timeline from approval to funding &
(2) provide easier online instructions

Hope you will be able to succeed in having a quick and thorough action by using your strong legislative expertize in having us get this initiative implemented immediately.

Bharat V. Oza
Ambassador-Northeast, AAHOA
AAHOA: One of the largest organization of Hotel Owners in the country.

West Springfield, , MA